BIGGER LOSS: H&R Block's loss in its fiscal first quarter grew 7 percent from a year earlier. The tax preparer booked higher operating expenses and other costs, offsetting a sharp rise in revenue.
THE NUMBERS: Block reported a loss of $115.2 million, or 42 cents per share, for the May-July quarter. That compares with a loss of $107.4 million, or 39 cents per share, last year. Revenue increased 32 percent to $127.2 million.
OUTLOOK: The company expects IRS filings to grow around 1 percent in 2014.